Zero will reign in Gold prices says dinosaur media, har har

Canada's National Post ^ | December 14, 2009 | Peter Koven

[steve0]

Yeah right, Gold is going to tank cause Obami is just doing wonders for the US economy. "TD tosses cold water on gold party" "they expect forex investors to start pricing in a reversal of some of the "extreme stimulus measures" that have been in place to support the recovery."

[steve0]

??"They expect the metal to eventually fall back toward its long-term, inflation-adjusted average price of just US$500 to US$600 an ounce."?? What gives? This site says inflation adjusted gold had a high of approx. $2,189.00 in today's dollars. See http://www.inflationdata.com/inflation/images/charts/Gold/Gold_inflation_chart.htm

Read more: http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/12/14/td-tosses-cold-water-on-gold-party.aspx#ixzz0Zjceo2WS The Financial Post is now on Facebook. Join our fan community today.

Read more: http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/12/14/td-tosses-cold-water-on-gold-party.aspx#ixzz0Zjayff8u

[DBCJR]

the only gold I would short are Obama’s golden promises.

[apillar]

Maybe he’ll pull an FDR and try to ban the private ownership of gold. After all it’s unfair to the poor and minorities that those rich republicans will be protected from the collapse of the dollar through gold ownership.../sarcasm

[the invisib1e hand]

Zero will reign in Gold prices says dinosaur media, har har

Not with a stimulus package every quarter he wond.

[the invisib1e hand]

wond —> i mean, “won’t.”

[FlyingEagle]

Would you like any earmarks with that stimulus?

[fhayek]

Who does Obama think he is, the god of economics?

[danielmryan]

I don't see it. They're saying that the eight-year bull market will reverse based upon a U.S.-as-Japan analogy. A person who compared the U.S. to the U.S. (in the past) would be less sanguine about the ability of the Fed to rein in inflation. Not mentioned in the report is how the U.S is going to deal with the national debt otherwise. "Quantitiateive easing" is a fact.

Thanks for posting this article.

[Trod Upon]

Well, I suppose if he puts the economy onto the rocks hard enough—and he’s sure giving it the ol’ college try—we might see gold fall. All the dollars in the world won’t mean much if people and institutions are too terrified to spend them.

[UAConservative]

There is no way that Zero or any other president could slow gold with the reckless policies he and the Federal Reserve have implemented. See link.

M1 Money Supply 2006-2009

[PA Engineer]

In other news, Obowelmovement announced the newly minted gold plated tungsten Amero will replace the US Dollar.

[Uncle Miltie]

Rein \Rein\, v. t. [imp. & p. p. Reined (r?nd); p. pr. & vb. n. Reining.]

1. To govern or direct with the reins; as, to rein a horse one way or another. [1913 Webster]

He mounts and reins his horse. —Chapman. [1913 Webster]

2. To restrain; to control; to check. [1913 Webster]

Being once chafed, he can not Be reined again to temperance. —Shak. [1913 Webster]

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Verb 1. reign - have sovereign power; “Henry VIII reigned for a long time”
rule, govern - exercise authority over; as of nations; “Who is governing the country now?”

[steve0]

Would you believe, government schools?